Sunday, February 18, 2024

AFFORDABILITY AND ACCESSIBILITY:

FROM BAD TO WORSE IN A TIGHT U.S. HOUSING MARKET


America is in the throes of an affordable housing crisis. 

Many Americans are considered severely rent-burdened, as they spend more than 50 percent of their earnings on housing.

For people with disabilities and the elderly, there is a triple whammy—prices are soaring, their incomes are not keeping pace, and only a fraction of housing is built to accommodate those with limited mobility.

U.S. Department of Labor statistics consistently prove that people with disabilities are by far the most under-employed, unemployed and impoverished of all marginalized groups. About one in four people in the U.S. have a disability.

By 2030, one in five Americans will be older than 65. This means tens of millions of people cannot afford safe, quality, convenient housing that meets their needs.

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